Amalgamated Financial (NASDAQ:AMAL) exceeds Q3 2026 expectations

Amalgamated Financial Corp (AMAL) reported Q3 2026 earnings with record revenue over $100M. Q4 guidance includes flat net interest income, $5-5.5M provision expense, and margin compression due to political deposit runoff. Consumer solar loans underperform, and expenses may rise slightly. Management expects margin expansion in 2027 driven by asset yields and deposit growth.

Amalgamated Financial Corp. reported record Q3 2026 core net income and revenue exceeding $100 million, driven by a deposit-led strategy. The company redeployed capital into higher-performing commercial loans and C-PACE assessments, maintaining a stable net interest margin of 3.77%. It increased 2026 net interest income guidance to $341-$342 million but anticipates modest margin compression in Q4 due to election cycle effects.

Amalgamated Financial (AMAL) shares rose 5.2% after reporting Q3 2026 results. Revenue was $101.7M, beating estimates, with core EPS at $1.14, also above consensus. Net interest income and noninterest income increased, driving earnings growth. Management raised its full-year outlook. The stock is up 57.8% YTD, near its 52-week high.

Amalgamated Financial (AMAL) reported Q3 interest-earning assets up $141M. PACE originations yielded ~7%, with potential yields of 7.75%-8% by 2027. Management sees growth in PACE, stable credit performance, and raised full-year net interest income outlook to $341M-$342M. Share repurchases continue under $40M authorization.

Amalgamated Financial Corp. (AMAL) reported Q3 2026 earnings with record core net income of $34.6M, EPS of $1.14, and raised full-year guidance. Shares rose 4.33% to $49.89. Key highlights include deposit growth, loan portfolio expansion, and strong profitability metrics. The bank maintained stable liquidity and credit quality.

Amalgamated Bank reported Q3 Non-GAAP EPS of $1.14, exceeding estimates by $0.06. Revenue reached $101.70M, up 18.8% Y/Y and beating expectations by $3.51M. Net interest income hit a record $87.9M, growing 2.2%. Net interest margin declined 1 basis point to 3.77%.